Many Europeans were furious at Ms Lagarde's comments, denying any serious capital shortage and arguing instead that if there is a problem, it is one of attracting funding from skittish wholesale markets.
There will be a massive human capital shortage.
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Three-quarters of U.S. start-ups expect to raise capital next year, according to a new survey, but many of them will find doors closing on the fund-raising trail as venture investors experience their own capital shortage.
The problem is shortage of capital investments as well as the inefficient use of funds.
The world's most populous country has vast reserves of labour and no shortage of capital.
Another is a relative shortage of capital for start-ups and growing firms.
Unlike other developing countries, Indonesia saw an expansion of cottage industry, despite the shortage of capital for women who wanted to start their own businesses.
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Many Russians are talented and well-informed, but find that their businesses suffocate, either from a shortage of capital or from the unwelcome attentions of tax collectors and gangsters.
But private enterprise's capacity to create new jobs has been stifled by a shortage of capital for new ventures, and by the state's tendency to frustrate new business or at least demand a share of it.
When banks are weak, when they have a shortage of capital which is palpably true of many eurozone banks and arguably - according to the governor of the bank - true of British banks, they are reluctant to lend.
Yet securities research firm Macquarie Capital estimates there is a shortage of pressure-pumping services.
However, while there will likely be no shortage of entrepreneurs seeking capital, the biggest challenge will be getting buy-in from investors.
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Iraj Abedian, an economist and chief executive of Pan-African Capital Holdings, says a pitiful shortage of skills is one of the main constraints on economic growth.
Japan has not suffered in recent years for a shortage of cash, but rather for a shortage of productive uses for capital.
Up to a point, lavish capital outlays like these can make up for a shortage of old-fashioned oil wells.
In a nation with 300 million people, strong capital resources, a plethora of training facilities and no shortage of outstanding athletes, the potential does exist for the US to become competitive in the international world of rugby.
Our methodology focuses on supply and demand, historical capital spending, and pricing patterns that repeat themselves during every shortage and every downturn.
The electricity shortage is almost entirely the product of bad economic planning in the Chinese capital.
Semiconductor capital spending dropped off in the middle of 2011 and this will result in a shortage in mid-2013.
The fund expressed concerns about the continued shortage of bank lending, which it said was likely to remain subdued as banks built up their capital bases.
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